Mark Koyama on *How the World Became Rich: The Historical Origins of Economic Growth*
Macro Musings with David Beckworth
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Rome's Industrialization and Economic Growth
This chapter explores the factors that prevented Rome from experiencing the same level of economic growth as Great Britain during the Industrial Revolution, including population size, trade network, market economy, and lack of investment in labor-saving technologies. It also discusses the negative shocks that the Roman economy faced after 150 CE and the importance of political fragmentation in Europe for future industrialization.
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